637 N 2nd St - Apartments FOR SALE


Fort Pierce, FL 34950- Downtown Fort Pierce
$1,850,000 USD
772-519-6786
637 N 2nd St, Fort Pierce, FL for Sale
$1,850,000 USD
Apartments - FOR SALE
1/9
null | 7.95% Cap Rate

637 N 2nd St
Fort Pierce, FL 34950
Downtown Fort Pierce


HIGHLIGHTS

  • Heavy trafficked area: passed by 12,800 individuals on a daily basis.
  • Marine Commercial
  • Redevelopment Area

OVERVIEW

Multi family property zoned Marine Commercial, located on the corner of Seaway Drive and North 2nd Street. High Traffic area, close to the Port of Fort Pierce, Downtown, US #1 and Hutchinson Island. One block to the Indian River. Two Parcels 637 and 647 N 2nd Street; Total of three buildings, 14 units. Interiors clean and updated. Great Investment property with a marine commercial zoning which opens up possibilities of redevelopment.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$209 USD /SF

# OF UNITS

14

PRICE/UNIT

$132,143

CAP RATE

7.95%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Seaway Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1947

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

Marine Commercial

APN/PARCEL ID

24-03-705-0035-0001

ASK ABOUT THIS PROPERTY

Donna BentonSouthern Castles Property Management & Real EstateMore Info
772-519-6786

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Donna BentonSouthern Castles Property Management & Real EstateMore Info
772-519-6786

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.